Announcement on the Use of Idle Own Funds for Cash Management in 2026

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Guangdong Chaohongji Industrial Co., Ltd. announces its plan to use idle own funds for cash management. The company and its subsidiaries will use up to RMB 800 million for low-risk investments like deposits and structured products. This initiative aims to improve fund utilization, generate returns, and enhance overall performance without impacting normal operations. The authorization is valid until the next board meeting.

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Securities Code: 002345 Securities Abbreviation: Chaohongji Announcement No.: 2026-014

Guangdong Chaohongji Industrial Co., Ltd. Announcement on the Use of Idle Own Funds for Cash Management in 2026

The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or significant omissions.

Guangdong Chaohongji Industrial Co., Ltd. (hereinafter referred to as the "Company") held the eighth meeting of the seventh Board of Directors on March 26, 2026, and reviewed and approved the "Proposal on the Use of Idle Own Funds for Cash Management in 2026". This business is authorized within the scope of the Board of Directors' decision-making authority. The specific details are hereby announced as follows:

I. Basic Situation of Cash Management

Investment Objective To improve the efficiency of using own funds and reasonably utilize idle funds, without affecting the Company's normal production and operation and under controllable risks, idle own funds will be used for timely cash management to increase fund returns and seek greater investment returns for the Company and shareholders.
Funding Sources and Investment Amount The Company and its subsidiaries plan to use a total of no more than RMB 800 million of idle own funds for cash management, and the funds can be rolled over within this limit. The transaction amount at any point in time (including reinvestment of the above investment income) shall not exceed RMB 800 million.

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